Short Interest in Algoma Steel Group Inc. (NASDAQ:ASTLW) Drops By 58.2%

Algoma Steel Group Inc. (NASDAQ:ASTLW) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 3,300 shares, a decrease of 58.2% from the January 31st total of 7,900 shares. Based on an average daily volume of 27,300 shares, the days-to-cover ratio is presently 0.1 days.

Algoma Steel Group Stock Up 2.8 %

NASDAQ ASTLW opened at $0.80 on Monday. Algoma Steel Group has a 52 week low of $0.75 and a 52 week high of $2.40. The firm’s 50-day simple moving average is $1.18 and its two-hundred day simple moving average is $1.57.

About Algoma Steel Group

Algoma Steel Group Inc produces and sells steel products primarily in North America. The company provides flat/sheet steel products, including temper rolling, cold rolled, hot-rolled pickled and oiled products, floor plate, and cut-to-length products for the automotive industry, hollow structural product manufacturers, and the light manufacturing and transportation industries; and plate steel products that consist of rolled, hot-rolled, and heat-treated for use in the construction or manufacture of railcars, buildings, bridges, off-highway equipment, storage tanks, ships, and military applications.